Did You Know That You Have the Right to Remain Silent?
Anything you say, can and will be used against you in the
You have the right to be represented by your own agent.
Should you choose to waive this right both agents will be trying to
get the highest and best price for the seller.
Do you understand these rights as they have been explained to you, Mr.
& Mrs. Buyer?
You have the right to work with an agent trained to be a buyer's
agent: An agent who has the skills to negotiate with the seller to get
the best price and terms for you.
You wouldn't go into a courtroom without a "bar-certified" attorney,
why enter negotiations for the biggest purchase of your life without a
trained specialists working for you?
Homebuyers need to be careful when purchasing there home that they are
getting the full value of having a BUYER'S AGENT on their side.
According to a 1983 Federal Trade Commission study, most buyers fail
to understand that the agent who shows them homes is actually working
on the seller's side. Consequently, buyers often reveal too much
information to the real estate agent that is showing them homes. Few
buyers realize that anything they say will be told directly to the
seller and will be used to help the seller obtain the maximum price
from the buyers.
According to Alice and Denise Fields, authors of Your New Home,
the buyer's best protection is to hire a buyer's agent. Most real
estate experts agree. A buyer's agent can open more of the market to
the buyer, including for-sale-by-owner properties and properties that
are not yet listed. Beware of agents who say that they will offer you
Buyer agency and then do business the same way they always have.
According to Fields, buyers should never hire a Real Estate agent
without a written contract that spells out the details of how the
agent will work.